All about Terra Luna Crash
The recent Terra UST crash, one of the biggest crypto crashes, has shaken the trust of investors and changed their notions about crypto coins. (Image source: Techstory ) The crash of the stablecoin TerraUSD, or UST, on the Terra blockchain, and LUNA, the governance crypto token of the same framework, is disconcerting news for many in the crypto world these days. UST is pegged to the price of the US dollar. It means that its value only fluctuates as much as the dollar does. And the dollar cannot undergo a drastic shift in its value as it is regulated by the government which has reliable mechanisms to keep it stable within affordable limits, as a significant level of volatility can adversely affect the economy of the country itself. In other words, TerraUSD or UST must be as stable as the USD. However, what was thought impossible has happened now. A stablecoin has proved unstable for the first time with the plummeting of the TerraUSD price. Can Stablecoins Become Unstable? Ca...